Physical Therapy Clinic Feasibility Study in the Las Vegas-Henderson-North Las Vegas, NV Metro Area

What SBA's own loan files show about rehabilitation and therapy clinic lending in the Las Vegas-Henderson-North Las Vegas, NV Metro Area, and what a feasibility study for a project there has to test.

The therapy clinic record in Las Vegas

From FY2017 to FY2026, Las Vegas had 36 SBA-approved therapy clinic loans worth $20.3 million. Las Vegas, for therapy clinic, ranks 19 of 406 in the area ranking. Within Las Vegas, therapy clinic ranks 10 of 39. Las Vegas has a quotient of 1.31x, therapy clinic above the national share.

Las Vegas size and franchise status

The median Las Vegas loan is $300,000; $150,000 to $793,425 holds the middle half. Las Vegas loans sit at 2.00x of the national class median. In Las Vegas, borrowers draw bigger loans than nationally. Las Vegas shows no 7(a) count. Las Vegas shows no 504 count either. Las Vegas: too few loans back either count. Las Vegas prints no franchise share. Too few Las Vegas loans support one. Las Vegas loans run bigger. In Las Vegas, a study must prove the payment.

Las Vegas: lenders and counties

Las Vegas lists no lender. Therapy clinic holders in Las Vegas are many. Las Vegas borrowers open with the study itself. Las Vegas puts all 36 loans under Clark County, NV.

Las Vegas years, floors and coding limits

Few Las Vegas years print. Las Vegas shows 0 loans, $0, in FY2020. Las Vegas shows 5 loans, $1.5 million, in FY2021. Las Vegas shows 6 loans, $2.2 million, in FY2023. Other Las Vegas years are withheld. Thin counts leave Las Vegas totals unknown. In Las Vegas, no blank is a zero, and Las Vegas treats FY2026 as complete. Floors in Las Vegas follow Loan Analytics' own rule. The Las Vegas cohort holds fewer than 30 loans. Las Vegas disbursements cover FY2017 to FY2021. No Las Vegas cancellation floor prints. No Las Vegas charge-off floor prints either. Las Vegas blanks are no zero. Las Vegas blanks are no clean book. Each Las Vegas rate is a floor. Las Vegas follows July 2023 boundaries. Las Vegas places loans by project county. Las Vegas drops loans lacking a placeable county.

Las Vegas: therapy clinic feasibility questions

Las Vegas treats $150,000 to $793,425 as the range to explain in Las Vegas. A therapy clinic study in Las Vegas begins with referral sources: which physicians and employers send patients, and how steady those relationships are. In Las Vegas, visits per day, revenue per visit and therapist hours decide whether the clinic reaches break-even before the loan payments begin. A Las Vegas lender will ask about payer mix, because reimbursement rates differ by plan and drive collections far more than volume alone. Daniel Smith, MAI, signs every Las Vegas therapy clinic study. For Las Vegas, demand and cost are tested. In Las Vegas, coverage and value are tested. Las Vegas borrowers are promised no approval here.

SBA rehabilitation and therapy clinic loans in the Las Vegas-Henderson-North Las Vegas, NV Metro Area

Loans approved, FY2017 to FY202636
Gross dollars approved$20.3 million
Median loan$300,000
Middle half of loans, from$150,000
Middle half of loans, to$793,425
SBA 7(a) loanswithheld
SBA 504 loanswithheld
Franchise share of loanswithheld
Rank among metro and micro areas for rehabilitation and therapy clinic loans19 of 406
Rank of rehabilitation and therapy clinic among the classes in this area10 of 39
Location quotient (share of loans against the national share)1.31x
Median loan against the national median for the class2.00x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)not reported: fewer than 30 loans in the cohort
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)withheld

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

SBA rehabilitation and therapy clinic loans approved in the Las Vegas-Henderson-North Las Vegas, NV Metro Area, by fiscal year

0246FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026Loans, FY2020: 0Loans, FY2021: 5Loans, FY2023: 6
Fiscal yearLoansDollars
FY2017withheldwithheld
FY2018withheldwithheld
FY2019withheldwithheld
FY20200$0
FY20215$1.5 million
FY2022withheldwithheld
FY20236$2.2 million
FY2024withheldwithheld
FY2025withheldwithheld
FY2026withheldwithheld

Where the loans are, by county

CountyLoans
Clark County, NV36

Counties with 5 or more loans; smaller ones are not listed.

Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MA-29820-C22.

Loan Analytics prepares the feasibility study a lender reads before it commits: for a rehabilitation and therapy clinic project in the Las Vegas-Henderson-North Las Vegas, NV Metro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

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